All posts of Gardner Skelton

SBA Interim Final Rule – What To Know Before You Apply

On April 2, 2020, the U.S. Small Business Administration (SBA) released its Interim Final Rule, which provides further guidance on the Paycheck Protection Program (PPP). Here are a few things you should know: No more than 25% of the loan proceeds may be expended on eligible expenses other than payroll costs.  The lender will calculate the […]
4 years ago

Paycheck Protection Program Loans: Application Forms and Guidance Released

As most of you are already aware, as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the federal government recently allocated $349 billion to help small businesses. Yesterday, the federal government released the application form and some supplemental guidance all employers should review. Beginning on April 3, 2020, small businesses with less […]
4 years ago

US Department of Labor Announces New Paid Sick Leave and Expanded FFCRA Regulations: FFCRA Guidance to Help Employers and Employees Understand Expanded Paid Sick Leave for COVID-19

On April 1, 2020, the United States Department of Labor announced new regulations offering guidance as to how employers and employees will benefit from relief and protection under the Families Coronavirus Response Act (“FFCRA”). FFCRA reimburses private employers with fewer than 500 employees with tax credits for the cost of providing employees with paid leave in […]
4 years ago

Statewide Stay-At-Home: Is Your Business “Essential”?

Governor Roy Cooper issued Executive Order 121 on March 27, 2020 which required, among other things, the closing of all nonessential businesses and operations for thirty days from March 30th, 2020. If your business is excluded from the list of essential businesses and operations under Executive Order 121, yet you believe it is essential to […]
4 years ago

Paycheck Protection Loans Available Soon for All Small Businesses

Employers with fewer than 500 employees should contact their bank as soon as possible to start the process of applying for a “Paycheck Protection Loan.” Paycheck protection loans are SBA loans designed to help employers cover payroll costs and other expenses during the COVID-19 pandemic. Paycheck protection loans do not require personal guarantees or collateral. Best of […]
4 years ago

Updates to NC Unemployment Released

In anticipation of employee layoffs, Governor Cooper announced that North Carolina is waiving requirements typical for unemployment benefits. Under his new Executive Order, changes to the unemployment process include: Removing the one-week waiting period typically required before someone can apply for benefits. Those unemployed and seeking benefits will not be required to look for additional […]
4 years ago

Governor Cooper Asks SBA for Assistance Amid COVID-19

Gov. Roy Cooper requested the U.S. Small Business Administration (SBA) grant a disaster declaration for business owners in North Carolina facing economic losses due to the coronavirus. The declaration would provide disaster loans to impacted businesses and nonprofits to help meet financial obligations and cover the costs of operating expenses. Follow developments here .   […]
4 years ago

Physician Issues and COVID-19: Mandatory Reporting Obligations, HIPAA, and the Ethical Use of Quarantine/Isolation Measures

As the number of reported cases of novel coronavirus (“COVID-2019”) continues to increase both across the country and internationally, physicians in North Carolina have begun to ask about their duties to report infected patients, as well as other treatment issues that may arise during outbreaks of infectious disease. On February 3, 2020, the North Carolina […]
4 years ago

Are You Personally Responsible for Business Tax Liability? Don’t Be (Unpleasantly) Surprised.

Did you know that business executives and even rank-and-file employees can be held personally liable for corporate tax obligations in some circumstances? Where corporate obligations remain unpaid (for example where the employee share of taxes are withheld from paychecks but never remitted to the government) the IRS may go looking for a “responsible person“ – that […]
4 years ago